Canadian rents continued to climb in July, though it was more of a lethargic upwards crawl. According to the July National Rent Report from Rentals.ca and Urbanation, average asking rent across all residential property types hit $2,201 last month — a 5.9% year-over-year increase and the slowest annu...| Storeys
Despite murmurings from local real estate boards that last month’s interest rate cut was largely inconsequential for housing, the Canadian Real Estate Association (CREA) is reporting "signs of renewed life" in their June statistics report.“It wasn’t a ‘blow the doors off’ month by any means,” says S...| Storeys
With more interest rate cuts "all but guaranteed" for the coming months, sales ticked up — though nominally — in August as would-be-homebuyers continued to hold out for lower rates, shows findings from the Canadian Real Estate Association's (CREA) August statistics report.“Despite some fledgling sig...| STOREYS
"Sales gains are now three for three in the months following interest rate cuts, which is a trend even though the increases weren’t headline-grabbing,” said Shaun Cathcart, CREA’s Senior Economist in the Canadian Real Estate Association's (CREA) September statistics report. The report shows that hom...| STOREYS
Condo listings in the Greater Toronto Area (GTA) are up substantially from 2023 and sales are down, according to the Toronto Real Estate Board’s (TRREB) Q2 findings. Meanwhile, the region's condo rental segment is seeing plenty of demand. TRREB President Jennifer Pearce explained in a release that w...| STOREYS